The Work in Process account for Chambers Company contained the following entries: Debit of \$120,000-for direct raw materials Debit of $160,000 for direct labor Debit of $100.000 for manufacturing overhead Ending balance, $124,000, associated with Job Number 2 The company uses a job-order costing system. Work was only performed on two jobs during the period. The beginning balance in Work in Process was zero. What was the cost of Job Number 1 , which was started and completed during the period? Multiple Choice $260,000 5488.000 $256,000 $212,000 The Work in Process account for Chambers Company contained the following entries: Debit of \$120,000-for direct raw materials Debit of $160,000 for direct labor Debit of $100.000 for manufacturing overhead Ending balance, $124,000, associated with Job Number 2 The company uses a job-order costing system. Work was only performed on two jobs during the period. The beginning balance in Work in Process was zero. What was the cost of Job Number 1 , which was started and completed during the period? Multiple Choice $260,000 5488.000 $256,000 $212,000